Civil aerospace news and insights from Forecast International
Rolls-Royce is having a good year. The company announced it will reinstate dividends for the first time since the pandemic, a clear sign that CEO Tufan Erginbilgic’s turnaround strategy is …
Rolls-Royce Stock Soars as Profits Take Off Read More
Air New Zealand Ltd has revealed that, after careful consideration, it is abandoning its 2030 carbon emissions reduction target and will immediately withdraw from the Science Based Targets initiative (SBTi), …
Air New Zealand Scraps 2030 Carbon Emissions Reduction Target Read More
In a significant move aimed at revitalizing the aerospace giant, Boeing’s Board of Directors has appointed Robert K. “Kelly” Ortberg as the company’s new president and chief executive officer. Effective …
Kelly Ortberg Takes the Helm at Boeing Read More
Airbus and Thales are reportedly exploring a merger of their satellite operations, according to the Financial Times and Reuters. This potential deal is seen as a pivotal moment for Europe’s …
Airbus and Thales Eye Satellite Merger Read More
ARLINGTON, Va. – Flightglobal reports that Boeing has begun flight testing the 777-9 with the FAA on board, a significant step towards certification of the long-delayed widebody jet. This comes …
Boeing 777-9 Program Begins Certification Flight Testing Read More
Global air passenger traffic saw a remarkable increase of nearly 37% in 2023 compared to the previous year. Total revenue passenger kilometers (RPK) for 2023 reached 94.1% of the pre-pandemic …
The Commercial Jet Market Continues to Recover: Key Insights and Projections Read More
GE Aerospace announced it has extended Chairman and CEO H. Lawrence Culp Jr.’s term until at least December 2027, with the possibility of further extension to 2028. Culp’s prior agreement …
GE Aerospace Secures CEO Culp’s Leadership Through 2027 Read More
Boeing announced a definitive agreement to acquire Spirit AeroSystems for $8.3 billion in a move that reverses a long-standing trend of outsourcing key manufacturing operations. This all-stock deal comes after …
Boeing Lands Spirit AeroSystems in $8.3 Billion Deal Read More
Airbus has downgraded its production and financial goals for 2024. This comes amid ongoing supply chain disruptions and concerns about the feasibility of previous targets. The company is reducing its …
Airbus Scales Back Production Targets Due to Supply Chain Issues Read More
Weak deliveries /// Significant Airbus orders announced – not yet booked The month of May marked another uneventful month for orders and deliveries. On the deliveries front, Boeing handed over …
Airbus and Boeing Report May 2024 Commercial Aircraft Orders and Deliveries Read More